SumUp, a rival to Jack Dorsey's Block, defies fintech funding slump with $307 million cash injection
British payments startup SumUp has raised 285 million euros ($306.6 million) in an investment led by Sixth Street Growth and Bain Capital Tech Opportunities.
SumUp Chief Financial Officer Hermione McKee said the fresh capital gives the company "more firepower to act on opportunities" including acquisitions and new country launches.
SumUp confirmed the company is worth more than it was when it raised 590 million euros ($635.3 million) at an 8 billion euro ($8.6 billion) valuation in summer 2022.
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